Corcel Share Discussion Threads

[rocket26] 12/5/2021 12:23

Oh my sides are splitting with laughter at the thought of this piddly little tin pot outfit ever thinking of mining in PNG without having a £10M per dig in reserve for the EIMP, environmental impact management program. That's £20M corcel will require to prove to the PNG government prior to any commence of operations.... having a license is not a guarantee of production .... Especially when legislation changes.... this is 2021 not 1991 ..... only the big boys can afford to mine these areas now .... Why the recent rise ? Manipulated share price to get the warrants exercised ... Of course Corcel will never get the required funds to advance further , it's just one big smoke and mirrors scam to fund themselves at shareholders expense ..... Heads will roll

[hedgehog 100] 12/5/2021 11:26

Corcel has so such going for it that its exciting vanadium project in North America isn't even mentioned in the "2021-22 Newsflow" section of CRCL's Feb. 2021 presentation, even though it could be hugely valuable.

But last week's RNS included an update on this:

05/05/2021 07:00 UKREG Corcel PLC Operations Update
" ... Planning for Dempster vanadium project 2021 field season underway ...
Dempster Vanadium Project
The JV partners recently conducted a planning meeting to determine plans for the Summer 2021 exploration campaign. The results of the 2020 field season were considered very promising and the consensus among the partners was that additional exploration was warranted. The 2020 geochemical surveys helped define the breadth and linear extent of the vanadium enrichment within a section of the Canol Formation and delineated a target horizon for more detailed exploration. Compilation and digitization of previous surface soil geochemical results, although widely spaced, indicated that the vanadium enrichment is present along the entire length of the Canol within the property's boundaries. Overall, the encouraging 2020 soil sampling results reiterate and reinforce the vanadium results obtained from the core sampling of the 2007 drill holes the JV partners inherited at the project.
Multiple options exist for taking the project forward and include additional geological mapping, prospecting and soil and rock geochemical surveys over the entirety of the project. A potential second phase, which may be done in parallel or in lieu of the geochemical work, would be to conduct a 2,000m drill campaign over a previously mapped and easily accessible portion of the terrain. ..."
The Company will provide further updates on this workplan in due course. ..."



I look forward to more news on this (or should I say ore news!), especially as the vanadium sector is so hot at the moment.

For example, Jangada Mines (JAN) has risen from barely a penny just over a year ago, to it's current share price of 7.7p (market capitalisation £19.91 million).


"Jangada is exploring and developing assets in North East Brazil for some of the world’s most in demand mineral commodities, including Vanadium, Titanium and Iron"


Jangada Mines (JAN):

[petebreeze37] 12/5/2021 11:10

rmart blocked me on his thread because I asked who would stump up the 50 million build cost, "just like that".
This is just like gkp gulf keystone, lots of talk of a billion barrel oil well with the obligatory pump and dump with the directors getting rich at the Punter's expense. We all know where this is going. One of the directors is a master at this game, I don't know about the others.

[mrzippo] 12/5/2021 10:51

Oops. Wrong thread. Clearly doesnt apply to CRCL

[mrzippo] 12/5/2021 10:50

When the mark arrives at the Three-card Monte game, it is likely that a number of other players will be seen winning and losing money at the game. The people engaged in playing the game are often shills, confederates of the dealer who pretend to play so as to give the illusion of a straight gambling game.[6]As the mark watches the game, they are likely to notice that they can follow the queen more easily than the shills seem to be able to, which sets them up to believe that they can win the game.Eventually, if the mark enters the game, they will be cheated through any number of methods. An example of a simple scheme involves a dealer and two shills

[hedgehog 100] 12/5/2021 10:47

12/05/2021 07:00 UKREG Corcel PLC Warrant Exercise, Debt Repayment and Debt Funding
" ... Chief Executive Officer, Scott Kaintz commented: "The retirement of the February 2021 loan facility and the installation of a larger note provides supportive ongoing access to capital for Corcel as it continues to advance its battery metal interests in Australasia and Canada as well as its flexible energy storage and production projects in the UK. It is excellent to see our strategy beginning to show clear and tangible results, and we thank our lenders and all stakeholders for their ongoing support." ...
The Loan Facility, which is aimed at reducing dilution at current prices, ..."



The company clearly expects the share price to move up strongly this year from the current low levels, and is minimising current dilution accordingly, while bringing in sufficient cash to facilitate a period of strong positive newsflow.

This should underpin the share price at 2p, creating a strong base for further advances.

Page 12 of Corcel's February 2021 Investor Presentation sets out some of the main expected timescales for progress this year, including Burwell financial close this quarter, and major nickel projects outcomes in Q3.

"2021-22 Newsflow"

[kemche] 12/5/2021 10:45

"not sure what you mean?"

Of course you don't.

Good one!

wobble.

[mark10101] 12/5/2021 10:43

Spell it out to us Kemche, not sure what you mean? I see blue sky, are you seeing storm clouds? Maybe a fundraise? 🤣🤣🤣

[kemche] 12/5/2021 10:36

Bide your time sonny Jim - you and I both know what is coming and what the deal is here.

wobble.

[mark10101] 12/5/2021 10:34

Latest fund raise done at 100% premium to where you were wibbling in February. Those shares taken by a party that are likely looking for 2-4x.

Can you see what it is yet? Wibble wibble

[kemche] 12/5/2021 09:17

If they had ALREADY drawn down £100k of the loan in Feb 21 then exactly how much are they burning through a month?

Wibble.

[kemche] 12/5/2021 09:11

Can anyone see what it is yet?

[helpfull] 12/5/2021 09:08

Did this company buy a 50MW Flexible Energy Project just the other day? It's there in the banner headline of the RNS in big letters: " Acquisition of 50MW Flexible Energy Project". Reading the small print and it is only 40% of the project that has been bought. Is there no equivalent of the trades description act applied to Regulatory News? I suppose 40% accuracy is near enough. Arlington might be miffed they are after all the majority partner.

Today the company has issued 23,076,924 new shares and received 1.3p for each share. It is not a rights issue or a cash raise but a warrant exercise. The share price at the close yesterday was 2.05p. That look like a 40% difference. Why does the company need cash so urgently? Didn't the company receive about £386,000 from the issue of warrants at 1.6p in late April? There are more of these 1.6p warrants hovering, many millions more. More shares at low prices. Eroding shareholder value some might say. As with the RNS banner headline,read the smallprint. Be careful.

[rmart] 12/5/2021 07:21

Another 700k sorted with very little dilution. Nice work! Still under 400m in total in issue and new warrants at minimum 2p, share price will get to 3.5 to 4 for those to be taken by Dec at the latest.

[hedgehog 100] 11/5/2021 13:23

"... New Caledonia (/ˌkælɪ12;doʊniə/; French: Nouvelle-Calédonie)[nb 1] is a special collectivity of France in the southwest Pacific Ocean, south of Vanuatu, about 1,210 km (750 mi) east of Australia[4] ..."


" ... New Guinea (Tok Pisin: Niugini; Hiri Motu: Niu Gini; Indonesian: Papua[1], historically Irian) is the world's second-largest island, and with an area of 785,753 km2 (303,381 sq mi), the largest island in the Southern Hemisphere. Located in Melanesia in the southwestern Pacific Ocean, it is separated by the 150 km (81 nmi; 93 mi) wide Torres Strait from the Australian continent. ... "


Significantly, both the Goro nickel mine and Corcel's nickel projects are located in islands of Australasia.
Both New Caledonia and New Guinea are islands relatively near Eastern Australia.

[hedgehog 100] 11/5/2021 12:54

"Goro mine
From Wikipedia, the free encyclopedia

The Goro mine is a large nickel mine in the south of New Caledonia, near the township of Yaté, Prony Bay, in the South Province. It is owned by the Brazilian company Vale, who are in the process of selling it to Melbourne-based New Century Mining in June 2020 following years of technical problems and low production.[1] The large mine and plant was opened at Goro in 2010 although it has had frequent stoppages.

Details
Goro is one of the largest nickel reserves in New Caledonia, which produces 25% of world nickel reserves. Goro has estimated reserves of 370 million tonnes of ore grading 1.6% nickel.[2] The 370 million tonnes of ore contains 5.92 million tonnes of nickel metal.[2]

The Goro mine is targeted to produce about 40,000 tonnes of nickel per year, and also some cobalt from saprolite deposits. It was designed by the Canadian company Inco, and completed by the Brazilian company Vale after it purchased Inco.[3] Ore comes from a huge open cut mine on the Plaine des Lacs. Nickel and cobalt are delivered by conveyor to Prony Bay. The processed high grade Nickel Oxide is then shipped to Vale's refinery in Dalian, China. Vale have a 69% share and a joint company called Sumic Nickel Netherlands, Japan's Sumitomo Metal Mining Co. Ltd., and Mitsui Co. Ltd., hold a 21% share. The three provinces of New Caledonia hold the remaining 10%. [a sale of the operation is in process, 2020, changing these percentages if it goes through] ..."




Tesla's new partner, the Goro nickel mine, is one of the largest nickel mines in the world:
• 370 million tonnes of ore grading 1.6% nickel.
• Contains 5.92 million tonnes of nickel metal.
• Targeted to produce about 40,000 tonnes of nickel per year.

Compare to CRCL's nickel projects:
• Mambare: JORC Resource of 162.5 million tonnes @ 0.94% Ni and 0.09% Co (1.53 million tonnes of nickel)

• Wo Wo Gap: Resource of 125 million tonnes @ 01.06% Ni and 00.07% Co (1.33 million tonnes nickel + 83k tonnes of cobalt)


Mambare could actually contain 10 million tonnes of nickel, and grow the resource to 250 million tonnes of ore and beyond.
The future mine life is already 30 years at 40,000 tonnes per annum of nickel output, and this can grow up to 30 years at 80,000 tonnes per annum of nickel output.


Mambare and Wo Wo Gap are under a hundred miles apart, and there are obvious synergies here.

[1airbag] 11/5/2021 12:03

strong share price considering the underlying market conditions at the moment.

[rmart] 11/5/2021 08:46

Level 2 gone to 4v1, cannot buy small amount, premium wanted for anything now.

[mark10101] 10/5/2021 16:46

As predicted the wibble thread much quieter this week, only minor wibbling which is tough going in the face of a 20% up day, fair play though you have impressive stamina to wibble so much on a share you don’t and won’t ever own.

[rmart] 10/5/2021 16:35

Not 1 pull back all day today, excellent!, Another few days like this and we will hit the second target of 3.5p and then onto 5p and 10p.